RE: Cgni interview29 May 2026 15:14
As someone who has a very small stake in cardiogeni through backing Celixir on crowdfund site, I subsequently had a very small top up, just to keep an interest in the company. I now also have a stake in Coiled Therapeutics as well. I noticed Ajan Reginald sold his stake in Roquefort Therapeutics prior to coil reverse takeover, but keeps his stake here and added a few as well.
How significant is the April announcement on the requirement for funds?
the signing of a conditional share exchange agreement ("SEA") whereby Kira Health Invest AG ("Kira") will purchase 67.5% of the existing share capital of Cell Therapy Limited ("CTL") the wholly-owned operating R&D subsidiary of Cardiogeni (the "Sale Shares"). In consideration for the Sale Shares, CGNI will receive 32.5% of the existing share capital of Lumen Clinics B.V. ("Lumen"), Kira's wholly owned subsidiary which is a leading operator of luxury longevity hotels and wellness clinics with assets in excess €100 million (the "Transaction"), based on the unaudited financial statements for the period to 31 December 2025 ("Unaudited Financial Statements").
The Board has developed its three-year strategy requiring $25 million to gain market approval for CLXR-001.
As part of the Transaction, Kira has agreed, subject to certain conditions, to make available to CTL the amount of up to $25 million (£18.92 million) in loan funding (the "Loan") to execute a pivotal Phase 2b clinical study that could lead to the approval of its heart failure medicine CLXR-001 in the Gulf Cooperation Countries ("GCC").
How significant is the April announcement